The Global Digital Forensics Market size is expected to reach $11.0 billion by 2023, rising at a market growth of 15.8% CAGR during the forecast period. Digital forensics is a process that is used to uncover and interpret electronic data, and with the primary goal of preserving all forms of evidences in their most original forms. The process is used while performing a structured investigation by collecting, identifying and validating the digital information to reconstruct past events. The widespread adoption of cloud services and devices with in-built Internet-of-Things has given the cyber criminals an opportunity to exploit technological limitations and gain access to customer information. The risk of malwares and viruses has increased significantly, and as a result, opening the path for hackers.
With advanced form of attacks, companies may not be fully able to protect crucial data from experienced hackers. Technology has two sides to it and that which has caused turmoil, can also lead to breakthroughs that would add greater value to the organizations. Based on Component, the market report segments the market into Hardware, Software, and Services. The Hardware Types includes Forensic Systems, Forensic Devices, and Others. Services Type includes Professional and Managed Services.Based on Type, the Digital Forensics market segments the market into Computer Forensics, Network Forensics, Mobile Device Forensics, and Others. Based on Vertical, the market report segments the market into Government & Defense, Telecom & IT, BFSI, Healthcare & Lifesciences, and Others Based on Regions, the Digital Forensics market segments the market into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The market research report covers the competition analysis of key stake holders of the Global Digital Forensics Market. Key companies profiled in the report include AccessData, Cellebrite, MSAB, Open Text Corporation (Guidance Software), Oxygen Forensics, ADF Solutions, Logrhythm, Inc., Coalfire, Magnet Forensics, and Paraben Corporation.